Carrington Durr Group | Real Estate Market Report

Seattle, WA 98109

Single-Family Homes

John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com



Seattle, WA 98109

Thu Jun 20 2024
This week the median list price for Seattle, WA 98109 is $3,495,000 with the market action index hovering around 55. This is less than last month's market action index of 61. Inventory has increased to 11. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Seattle, WA 98109

Thu Jun 20 2024
This week the median list price for Seattle, WA 98109 is $3,495,000 with the market action index hovering around 55. This is less than last month's market action index of 61. Inventory has increased to 11. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Seattle market.
Median List Price $3,495,000
Median Price of New Listings $1,642,475
Per Square Foot $685
Average Days on Market 181
Median Days on Market 70
Price Decreased 36%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 55
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$7,149,500 8,210 8,000 - 10,000 sqft 5 8 80 0 0 735
$4,485,000 7,019 0.25 - 0.5 acre 6 6 118 0 1 91
$2,250,000 3,510 0 - 4,500 sqft 5 4 104 0 0 63
$1,589,950 2,320 0 - 4,500 sqft 3 3 120 2 0 0